After record deal-making in 2021, the number and dollar value of M&A in media and telecommunications fell during the past 12 months through November, according to the latest report by PwC.
There have been 3,772 deals, a 26% year-over-year drop. The dollar value of M&A totaled $624 billion, an 18% dip, the firm said in its biannual U.S.
Deals Outlook. That’s still above pre-pandemic levels but squeezed by higher interest rates and inflation, a soft stock market, growing geopolitical tensions and enhanced regulatory oversight — i.e.
the FTC’s announcement today that it will sue to block Microsoft’s planned $69 billion acquisition of Activision Blizzard. All are pressures that will continue to color M&A into 2023.Read more on deadline.com